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Tag: BMAT

ABB sells its power conversion division for $505 million
Technology

ABB sells its power conversion division for $505 million

ZURICH, Jan 20 (Reuters) - ABB (ABBN.S) has sold its power conversion business to AcBel Polytech Inc (6282.TW) for $505 million, the Swiss engineering and technology company said on Friday.The sale is the last part of ABB's measures to trim its portfolio of companies which saw it sell its power transmission unit Dodge and spin off its turbocharging business Accelleron to shareholders.ABB said it expects to make a small non-operational book gain from the sale of the United-States-based Power Conversion business, which provides products for telecoms, data centres and general industry.Chief Executive Bjorn Rosengren said he was "delighted" with the deal which completed divisional portfolio divestments announced by ABB at the end of 2020.Power Conversion was acquired by ABB as part of the G...
Amid health fears, plastic makers pledge greater transparency over chemicals
Health

Amid health fears, plastic makers pledge greater transparency over chemicals

Nov 30 (Reuters) - Plastic makers need to be more transparent about the chemicals used in their products, a leading chemicals industry group has said, as concern mounts about the health impacts of the everyday material finding its way into the food chain and human bodies.Tiny fragments of plastic have been found in blood samples, stools and placentas of unborn babies, recent studies have shown. Scientists are trying to understand the health risks of this new phenomenon, but concerns range from the impact on organs to how some plastic additives might disrupt hormonal systems."We certainly recognise that on the issue of additives in particular there is a need for more information and increased transparency," Stewart Harris, senior director for global plastics policy at the American Chemis...